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Belt and Road

Belt and Road provides exporters with a brief analysis of political and economic risks for the countries under the Belt and Road Initiative.
Flag and map of Liberia

 
Key Information
Capital   Monrovia
Population   5.2 million
Area   111,370 sq km
Currency   Liberian Dollar (1 USD = 171.85 LRD as of 2 September 2021)
Official language   English
Ease of doing business by World Bank   # 175 out of 190 in 2020 (↓1)
Logistics Performance Index by World Bank   # 143 out of 160 in 2018

Political Highlights

 


 

Economic Trend

**Estimate ^Forecast
Source: International Monetary Fund (IMF)


Hong Kong – Liberia Trade

Source: Census and Statistics Department of Hong Kong

 

Total exports from Hong Kong to Liberia decreased by 34.8% from HK$16.0 million in 2019 to HK$10.4 million in 2020. The top three export categories to Liberia were: (1) telecommunications and sound recording and reproducing apparatus and equipment (+1.9%), (2) chemical materials and products (no such data in 2019) and (3) special transactions and commodities not classified according to kind (+3.3%), which represented 85.7% of total exports to Liberia.

 

Source: Census and Statistics Department of Hong Kong

 

HKECIC Underwriting Experience

 

The Hong Kong Export Credit Insurance Corporation (HKECIC) offers coverage on Liberian buyers with payment terms in Irrevocable Letter of Credit (ILC). In the past 12 months (from September 2020 to August 2021), there was no insured business on Liberia.

 

Please click here to download the charts (PDF format).

 

Last update: 2 September 2021

       
Flag and map of Luxembourg

 
Key Information
Capital   Luxembourg City
Population   0.6 million
Area   2,586 sq km
Currency   Euro (1 EUR = 1.19 USD as of 2 September 2021)
Official language   Luxembourgish, French and German
Ease of doing business by World Bank   # 72 out of 190 in 2020 (↓6)
The Global Competitiveness Index by the World Economic Forum   # 18 out of 141 in 2019 (↑1)
Logistics Performance Index by World Bank   # 24 out of 160 in 2018

 

Political Highlights

 

 

Economic Trend

*Estimate ^Forecast
Source: International Monetary Fund (IMF)


Hong Kong – Luxembourg Trade

Source: Census and Statistics Department of Hong Kong

 

Total exports from Hong Kong to Luxembourg increased by 8.3% from HK$866 million in 2019 to HK$ 938 million in 2020. The top three export categories to Luxembourg were: (1) office machines and automatic data processing machines (+128.3%), (2) telecommunications and sound recording and reproducing apparatus and equipment (+102.1%), and (3) power generating machinery and equipment (-2.7%), which represented 58.4% of total exports to Luxembourg.

 

Source: Census and Statistics Department of Hong Kong

 

HKECIC Underwriting Experience

 

The Hong Kong Export Credit Insurance Corporation (HKECIC) imposes no restrictions on covering buyers in Luxembourg. The Corporation’s underwriting experience on Luxembourg has been satisfactory, with no payment difficulty or claim payment case recorded during the past 12 months (from September 2020 to August 2021).

 

Please click here to download the charts (PDF format).

 

Last update: 2 September 2021

            
Flag and map of Micronesia

 
Key Information
Capital   Palikir
Population   0.1 million
Area   702 sq km
Currency   US dollar
Official language   English
Ease of doing business by World Bank   # 158 out of 190 in 2020 (↑2)
Logistics Performance Index by World Bank   # 128 out of 160 in 2018
Top three export markets (% of total, 2019*)   Top three import markets (% of total, 2019*)
Thailand (73%)   USA (32%)
Japan (10%)   China (16%)
China (9%)   Japan (14%)

* Most recent data available
Source: Central Intelligence Agency (CIA)

Political Highlights

 

Economic Trend

*Estimate ^Forecast
Source: International Monetary Fund (IMF)


 

Hong Kong – Micronesia (Federated States of) Trade

Source: Census and Statistics Department of Hong Kong

 

Total exports from Hong Kong to Micronesia increased by 41.9% from HK$ 18.7 million in 2019 to HK$ 26.7 million in 2020. The top three export categories to Micronesia were: (1) telecommunications and sound recording and reproducing apparatus and equipment (+92.6%), (2) office machines and automatic data processing machines (+68.0%), and (3) beverages (-13.3%), which represented 61.5% of total exports to Micronesia.

Source: Census and Statistics Department of Hong Kong

 

HKECIC Underwriting Experience

 

The Hong Kong Export Credit Insurance Corporation (HKECIC) offers coverage on Micronesia buyers with payment terms in Irrevocable Letter of Credit (ILC). In the past 12 months (from August 2020 to July 2021), there was no insured business on Micronesia.

 

Please click here to download the charts (PDF format).

 

Last update: 24 August 2021

       
Flag and map of Tonga

 
Key Information
Capital   Nuku'alofa
Population   0.1 million
Area   748 sq km
Currency   Tongan Pa'anga (1 USD = 2.21825 TOP as of 24 August 2021)
Official language   English and Tongan
Ease of doing business by World Bank   # 103 out of 190 in 2020 (↓12)
Top three export markets (% of total, 2019*)   Top three import markets (% of total, 2019*)
USA (38%)   Fiji (29%)
South Korea (18%)   New Zealand (23%)
Australia (14%)   China (14%)

* Most recent data available
Source: Central Intelligence Agency (CIA)

Political Highlights

 

Economic Trend

*Estimate ^Forecast
Source: International Monetary Fund (IMF)


 

Hong Kong – Tonga Trade

Source: Census and Statistics Department of Hong Kong

 

Total exports from Hong Kong to Tonga increased by 26.0% from HK$3.0 million in 2019 to HK$3.8 million in 2020. The top three export categories to Tonga were: (1) telecommunications and sound recording and reproducing apparatus and equipment (+110.1%), (2) Miscellaneous edible products and preparations (+74.6%) and (3) special transactions and commodities not classified according to kind (-36.5%), which represented 86.5% of total exports to Tonga.

Source: Census and Statistics Department of Hong Kong

 

HKECIC Underwriting Experience

 

The Hong Kong Export Credit Insurance Corporation (HKECIC) imposes no restrictions on covering Tonga buyers. In the past 12 months (from August 2020 to July 2021), there was no insured business on Tonga.

 

Please click here to download the charts (PDF format).

 

Last update: 24 August 2021

       
Flag and map of Madagascar

 
Key Information
Capital   Antananarivo
Population   27.5 million
Area   592,000 sq km
Currency   Ariary (1 USD = 3,802 MGA as of 10 August 2021)
Official language   Malagasy, French
Ease of doing business by World Bank   # 161 out of 190 in 2020 (-)
The Global Competitiveness Index by the World Economic Forum   # 132 out of 141 in 2019
Logistics Performance Index by World Bank   # 128 out of 160 in 2018
Top three export markets (% of total, 2019*)   Top three import markets (% of total, 2019*)
European Union (35.6%)   European Union (21.1%)
USA (19.8%)   China (17.5%)
China (6.3%)   UAE (9.1%)

* Most recent data available
Source: World Trade Organization

Political Highlights

 

 

Economic Trend

*Estimate ^Forecast
Source: International Monetary Fund (IMF)


Hong Kong – Madagascar Trade

Source: Census and Statistics Department of Hong Kong

 

Total exports from Hong Kong to Madagascar decreased by 20.6% from HK$ 244 million in 2019 to HK$ 194 million in 2020. The top three export categories to Madagascar were: (1) textile yarn, fabrics, made-up articles, and related products (-30.9%), (2) telecommunications and sound recording and reproducing apparatus and equipment (+28.1%), and (3) machinery specialized for particular industries (-35.8%), which represented 53.9% of total exports to Madagascar.

 

Source: Census and Statistics Department of Hong Kong

 

HKECIC Underwriting Experience

 

The Hong Kong Export Credit Insurance Corporation (HKECIC) offers coverage on Madagascar buyers with payment terms in Irrevocable Letter of Credit (ILC). In the past 12 months (from August 2020 to July 2021), there was no insured business on Madagascar.

 

Please click here to download the charts (PDF format).

 

Last update: 10 August 2021    

Flag and map of Montenegro

 
Key Information
Capital   Podgorica
Population   0.61 million
Area   13,812 sq km
Currency   Euro (1 USD = 0.8472 EUR as of 28 July 2021)
Official language   Montenegrin
Ease of doing business by World Bank   # 50 out of 190 in 2020 (-)
The Global Competitiveness Index by the World Economic Forum   # 73 out of 141 in 2019 (↓2)
Logistics Performance Index by World Bank   # 77 out of 160 in 2018

Source: Economist Intelligence Unit

Political Highlights

 

 

Economic Trend

*Estimate ^Forecast
Source: International Monetary Fund (IMF)



Hong Kong – Montenegro Trade

Source: Census and Statistics Department of Hong Kong

 

Total exports from Hong Kong to Montenegro decreased by 72.2% from HK$35.2 million in 2019 to HK$9.8 million in 2020. The top three export categories to Montenegro were: (1) telecommunications and sound recording and reproducing apparatus and equipment (-71.7%), (2) photographic apparatus, equipment and supplies and optical goods; watches and clocks (-59.6%), and (3) non-metallic mineral manufactures (no relevant data in 2019), which represented 86.3% of total exports to Montenegro.

 

Source: Census and Statistics Department of Hong Kong

 

HKECIC Underwriting Experience

 

The Hong Kong Export Credit Insurance Corporation (HKECIC) offers coverage on buyers in Montenegro with payment terms in Irrevocable Letter of Credit (ILC) with the exception of those under sanctions. In the past 12 months (from July 2020 to June 2021), there was no insured business on Montenegro.

 

Please click here to download the charts (PDF format).

 

Last update: 28 July 2021        

Flag and map of Slovakia

 
Key Information
Capital   Bratislava
Population   5.4 million
Area   49,037 sq km
Currency   Euro (1 USD = 0.8472 EUR as of 28 July 2021)
Official language   Slovak
Ease of doing business by World Bank   # 45 out of 190 in 2020 (↓3)
The Global Competitiveness Index by the World Economic Forum   # 42 out of 141 in 2019 (↓1)
Logistics Performance Index by World Bank   # 53 out of 160 in 2018
Major merchandise exports (% of total, 2020)   Major merchandise imports (% of total, 2020)
Machinery & transport equipment (63.8%)   Machinery & transport equipment (52.0%)
Chemicals & related products (4.1%)   Chemicals & related products (9.0%)
Food, drinks & tobacco (3.6%)   Food, drinks & tobacco (6.2%)

Source: Economist Intelligence Unit (EIU)

Political Highlights

 

 

Economic Trend

*Estimate ^Forecast
Source: International Monetary Fund (IMF)



Hong Kong – Slovakia Trade

Source: Census and Statistics Department of Hong Kong

 

Total exports from Hong Kong to Slovakia decreased by 23.5% from HK$ 1.73 billion in 2019 to HK$ 1.32 billion in 2020. The top three export categories to Slovakia were: (1) telecommunications and sound recording and reproducing apparatus and equipment (-25.8%), (2) electrical machinery, apparatus and appliances, and electrical parts thereof (-10.8%), and (3) professional, scientific and controlling instruments and apparatus (-47.0%), which represented 86.1% of total exports to Slovakia.

Source: Census and Statistics Department of Hong Kong

 

HKECIC Underwriting Experience

 

The Hong Kong Export Credit Insurance Corporation (HKECIC) imposes no restrictions on covering buyers in Slovakia. The Corporation’s underwriting experience on Slovakia has been satisfactory, with no payment difficulty or claim payment case reported during the past 12 months (from July 2020 to June 2021).

 

Please click here to download the charts (PDF format).

 

Last update: 28 July 2021      

Flag and map of Cook Islands

 
Key Information
Capital   Avarua
Population   8,327
Area   236 sq km
Currency   New Zealand Dollar (1 USD = 1.438 NZD as of 22 July 2021)
Official language   English

Source: Central Intelligence Agency

Political Highlights

 

 

HKECIC Underwriting Experience

 

The Hong Kong Export Credit Insurance Corporation (HKECIC) imposes no restrictions on covering Cook Islands buyers. In the past 12 months (from July 2020 to June 2021), there was no insured business on Cook Islands.


Last update: 22 July 2021

       
Flag and map of Vanuatu

 
Key Information
Capital   Port Vila
Population   0.3 million
Area   12,190 sq km
Currency   Vatu (1 USD = 111.714 VUV as of 22 July 2021)
Official language   islama, English, French
Ease of doing business by World Bank   # 107 out of 190 in 2020 (↓13)

Source: Economist Intelligence Unit (EIU) 

Political Highlights

 

 

Economic Trend

*Estimate ^Forecast
Source: International Monetary Fund (IMF)



Hong Kong – Vanuatu Trade

Source: Census and Statistics Department of Hong Kong

 

Total exports from Hong Kong to Vanuatu decreased by 41.5% from HK$31.3 million in 2019 to HK$ 18.4 million in 2020. The top three export categories to Vanuatu were: (1) telecommunications and sound recording and reproducing apparatus and equipment (-45.3%), (2) articles of apparel and clothing accessories (-42.9%), and (3) petroleum, petroleum products and related materials (-8.9%), which represented 71.4% of total exports to Vanuatu.

 

Source: Census and Statistics Department of Hong Kong

 

HKECIC Underwriting Experience

 

The Hong Kong Export Credit Insurance Corporation (HKECIC) imposes no restriction on covering Vanuatu buyers. In the past 12 months (from July 2019 to June 2020), there was no insured business on Vanuatu.

 

Please click here to download the charts (PDF format).

 

Last update: 22 July 2021

           
Flag and map of Lebanon

 
Key Information
Capital   Beirut
Population   5.3 million
Area   10,452 sq km
Currency   Lebanese pound (1 USD = 1,507.5 LBP as of 16 July 2021)
Official language   Arabic
Ease of doing business by World Bank   # 143 out of 190 in 2020 (↓1)
The Global Competitiveness Index by the World Economic Forum   # 88 out of 141 in 2019 (↓8)
Logistics Performance Index by World Bank   # 70 out of 160 in 2018
Top three export markets (% of total, 2020)   Top three import markets (% of total, 2020)
Switzerland (27.6%)   USA (8.6%)
UAE (13.7%)   Greece (7.6%)
Saudi Arabia (5.5%)   Turkey (7.2%)

* Most recent data available
Source: Economist Intelligence Unit (EIU)

Political Highlights

 


 

Economic Trend

*Estimate ^Forecast #No data
Source: International Monetary Fund (IMF)

 

 

Hong Kong – Lebanon Trade

Source: Census and Statistics Department of Hong Kong

 

Total exports from Hong Kong to Lebanon increased by 104.6% from HK$0.80 billion in 2019 to HK$1.64 billion in 2020. The top three export categories to Lebanon were: (1) power generating machinery and equipment (+211.8%), (2) telecommunications and sound recording and reproducing apparatus and equipment (+42.5%) and (3) articles of apparel and clothing accessories (-70.7%), which represented 92.7% of total exports to Lebanon.

Source: Census and Statistics Department of Hong Kong

 

HKECIC Underwriting Experience

 

The Hong Kong Export Credit Insurance Corporation (HKECIC) currently does not provide cover on Lebanon buyers.

 

Please click here to download the charts (PDF format).

 

Last update: 16 July 2021

       
Flag and map of Ukraine

 
Key Information
Capital   Kiev
Population   44.7 million
Area   603,550 sq km
Currency   Ukrainian hryvnia (1 USD = 27.296 UAH as of 16 July 2021)
Official language   Ukrainian
Ease of doing business by World Bank   # 64 out of 190 in 2020 (↑7)
The Global Competitiveness Index by the World Economic Forum   # 85 out of 141 in 2019 (↓2)
Logistics Performance Index by World Bank   # 66 out of 160 in 2018
Major merchandise exports (% of total, 2020)   Major merchandise imports (% of total, 2020)
Food, beverages & agricultural products (45.1%)   Machinery & equipment (31.9%)
Non-precious metals (18.4%)   Mineral products (15.5%)
Mineral products (10.8%)   Chemicals (13.5%)

Source: Economist Intelligence Unit (EIU)

Political Highlights

 

Economic Trend

*Estimate ^Forecast
Source: International Monetary Fund (IMF)

 

 

Hong Kong – Ukraine Trade

Source: Census and Statistics Department of Hong Kong

 

Total exports from Hong Kong to Ukraine increased by 6.6% from HK$1,947 million in 2019 to HK$2,075 million in 2020. The top three export categories to Ukraine were: (1) telecommunications and sound recording and reproducing apparatus and equipment (+9.1%), (2) electrical machinery, apparatus and appliances and electrical parts thereof (-3.9%), and (3) office machines and automatic data processing machines (+24.6%), which represented 86.1% of total exports to Ukraine.

 

Source: Census and Statistics Department of Hong Kong

 

HKECIC Underwriting Experience

 

The Hong Kong Export Credit Insurance Corporation (HKECIC) offers coverage on buyers in Ukraine with payment terms in Irrevocable Letter of Credit (ILC), with the exception of those under sanctions. In the past 12 months (from July 2020 to June 2021), there was no insured business on Ukraine.

 

Please click here to download the charts (PDF format).

 

Last update: 16 July 2021

       
Flag and map of Serbia

 
Key Information
Capital   Belgrade
Population   7.0 million
Area   77,474 sq km
Currency   Serbian dinar (1 USD = 99.67 RSD as of 12 July 2021)
Official language   Serbian
Ease of doing business by World Bank   # 44 out of 190 in 2020 (↑4)
The Global Competitiveness Index by the World Economic Forum   # 72 out of 141 in 2019 (↓7)
Logistics Performance Index by World Bank   # 65 out of 160 in 2018
Major merchandise exports (% of total, 2020)   Major merchandise imports (% of total, 2020)
Machinery, apparatus & transport articles (28.4%)   Machinery, apparatus & transport articles (26.1%)
Manufactured goods (21.5%)   Manufactured goods (18.5%)
Food (15.1%)   Chemical products (15.7%)

Source: Economist Intelligence Unit (EIU)

Political Highlights

 

 

Economic Trend

*Estimate ^Forecast
Source: International Monetary Fund (IMF)


Hong Kong – Serbia Trade

Source: Census and Statistics Department of Hong Kong

 

Total exports from Hong Kong to Serbia increased by 5.3% from HK$981 million in 2019 to HK$1,033 million in 2020. The top three export categories to Serbia were: (1) telecommunications and sound recording and reproducing apparatus and equipment (+64.0%), (2) electrical machinery, apparatus and appliances, and electrical parts thereof (-21.4%) and (3) power generating machinery and equipment (-57.4%), which represented 73.8% of total exports to Serbia.

 

Source: Census and Statistics Department of Hong Kong

 

HKECIC Underwriting Experience

 

The Hong Kong Export Credit Insurance Corporation (HKECIC) imposes no restrictions on covering buyers in Serbia, with the exception of those under sanctions. The Corporation’s underwriting experience on Serbia has been satisfactory, with no payment difficulty or claim payment case recorded during the past 12 months (from July 2020 to June 2021).

 

Please click here to download the charts (PDF format).

 

Last update: 12 July 2021

           
Flag and map of Fiji

 
Key Information
Capital   Suva
Population   0.9 million
Area   18,333 sq km
Currency   Fiji dollar (1 USD = 2.074 FJD as of 12 July 2021)
Official language   English, Fijian and Hindi
Ease of doing business by World Bank   # 102 out of 190 in 2020 (-1)
Logistics Performance Index by World Bank   # 133 out of 160 in 2018

 

Political Highlights

 

 

Economic Trend

*Estimate ^Forecast
Source: International Monetary Fund (IMF)


Hong Kong – Fiji Trade

Source: Census and Statistics Department of Hong Kong

 

Total exports from Hong Kong to Fiji decreased by 47.2% from HK$124 million in 2019 to HK$66 million in 2020. The top three export categories to Fiji were: (1) telecommunications and sound recording and reproducing apparatus and equipment (-59.6%), (2) office machines and automatic processing machines (-31.2%), and (3) Chemical materials and products (+58.7%), which represented 49.1% of total exports to Fiji.

 

Source: Census and Statistics Department of Hong Kong

 

HKECIC Underwriting Experience

 

The Hong Kong Export Credit Insurance Corporation (HKECIC) imposes no restrictions on covering buyers in Fiji. The Corporation’s underwriting experience on Fiji has been satisfactory, with no payment difficulty or claim payment case recorded during the past 12 months (from July 2020 to June 2021).

 

Please click here to download the charts (PDF format).

 

Last update: 12 July 2021

           
Flag and map of Slovenia

 
Key Information
Capital   Ljubljana
Population   2.1 million
Area   20,273 sq km
Currency   Euro (1 USD = 0.8441 EUR as of 2 July 2021)
Official language   Slovene
Ease of doing business by World Bank   # 37 out of 190 in 2020 (↑3)
The Global Competitiveness Index by the World Economic Forum   # 35 out of 141 in 2019 ( - )
Logistics Performance Index by World Bank   # 35 out of 160 in 2018
Top three export markets (% of total, 2019*)   Top three import markets (% of total, 2019*)
Germany (17.5%)    Germany (14.0%)
Italy (11.2%)   Italy (12.1%)
Croatia (7.0%)   Austria (8.7%)

* Most recent data available
Source: Economist Intelligence Unit (EIU)

Political Highlights

 

 

Economic Trend

*Estimate ^Forecast
Source: International Monetary Fund (IMF)


Hong Kong – Slovenia Trade

Source: Census and Statistics Department of Hong Kong

 

Total exports from Hong Kong to Slovenia decreased by 15.7% from HK$803 million in 2019 to HK$677 million in 2020. The top three export categories to Slovenia were: (1) electrical machinery, apparatus and appliances, and electrical parts thereof (+10.3%), (2) telecommunications and sound recording and reproducing apparatus and equipment (-29.8%) and (3) office machines and automatic data processing machines (-11.9%), which represented 71.5% of total exports to Slovenia.

Source: Census and Statistics Department of Hong Kong

 

HKECIC Underwriting Experience

 

The Hong Kong Export Credit Insurance Corporation (HKECIC) imposes no restrictions on covering buyers in Slovenia. The Corporation’s underwriting experience on Slovenia has been satisfactory, with no payment difficulty or claim payment case recorded during the past 12 months (from July 2020 to June 2021).

 

Please click here to download the charts (PDF format).

 

Last update: 2 July 2021

          
Flag and map of Albania

 
Key Information
Capital   Tirana
Population   3.1 million
Area   28,748 sq km
Currency   Albanian Lek (1 USD = 102.986 ALL as of 2 July 2021)
Official language   Albanian
Ease of doing business by World Bank   # 82 out of 190 in 2020 (↓19)
The Global Competitiveness Index by the World Economic Forum   # 81 out of 141 in 2019 (↓5)
Logistics Performance Index by World Bank   # 88 out of 160 in 2018
Top three export markets (% of total, 2019*)   Top three import markets (% of total, 2019*)
Italy (47.9%)   Italy (25.3%)
Spain (8.0%)   Turkey (9.5%)
Germany (4.7%)    China (9.2%)

* Most recent data available
Source: Economist Intelligence Unit (EIU)

Political Highlights

 

 

Economic Trend

*Estimate ^Forecast
Source: International Monetary Fund (IMF)



Hong Kong – Alania Trade

Source: Census and Statistics Department of Hong Kong

 

Total exports from Hong Kong to Albania decreased by 19.9% from HK$37.0 million in 2019 to HK$29.6 million in 2020. The top three export categories to Albania were: (1) telecommunications and sound recording and reproducing apparatus and equipment (-17.3%), (2) office machines and automatic data processing machines (+16.7%) and (3) photographic apparatus, equipment and supplies and optical goods; watches and clocks (-43.4%), which represented 77.0% of total exports to Albania.

Source: Census and Statistics Department of Hong Kong

 

HKECIC Underwriting Experience

 

The Hong Kong Export Credit Insurance Corporation (HKECIC) offers coverage on Albania buyers with payment terms in Irrevocable Letter of Credit (ILC). In the past 12 months (from July 2020 to June 2021), there was no insured business on Albania.

 

Please click here to download the charts (PDF format).

 

Last update: 2 July 2021

           
Flag and map of Venezuela

 
Key Information
Capital   Caracas
Population   32.2 million
Area   916,400 sq km
Currency   Venezuelan bolivar (1 USD = 3,141,490 VES as of 24 June 2021)
Official language   Spanish
Ease of doing business by World Bank   # 188 out of 190 in 2020 (-)
The Global Competitiveness Index by the World Economic Forum   # 133 out of 141 in 2019 (↓6)
Logistics Performance Index by World Bank   # 142 out of 160 in 2018
Top three export markets (% of total, 2019*)   Top three import markets (% of total, 2019*)
India (30.7%)   China (30.4%)
China (19.7%)   USA (18.2%)
USA (10.3%)   Mexico (7.4%)

* Most recent data available
Source: Economist Intelligence Unit (EIU)

Political Highlights

 


 

Economic Trend

*Estimate ^Forecast #No such data
Source: International Monetary Fund (IMF)


 

Hong Kong – Venezuela Trade

Source: Census and Statistics Department of Hong Kong

 

Total exports from Hong Kong to Venezuela decreased by 59.3% from HK$97.8 million in 2019 to HK$39.8 million in 2020. The top three export categories to Venezuela were: (1) office machines and automatic data processing machines (-79.7%), (2) telecommunications and sound recording and reproducing apparatus and equipment (+2.0%) and (3) electrical machinery, apparatus and appliances, and electrical parts thereof (+100.0%), which represented 83.8% of total exports to Venezuela.

 

Source: Census and Statistics Department of Hong Kong

 

HKECIC Underwriting Experience

 

The Hong Kong Export Credit Insurance Corporation (HKECIC) currently does not provide cover on Venezuela buyers.

 

Please click here to download the charts (PDF format).

 

Last update: 24 June 2021

          
Flag and map of Qatar

 
Key Information
Capital   Doha
Population   2.9 million
Area   11,521 sq km
Currency   Qatari riyal (1 USD = 3.64 QAR as of 24 June 2021)
Official language   Arabic
Ease of doing business by World Bank   # 77 out of 190 in 2020 (↑6)
The Global Competitiveness Index by the World Economic Forum   # 77 out of 190 in 2020 (↑6)
Logistics Performance Index by World Bank   # 30 out of 160 in 2018
Top three export markets (% of total, 2019*)    Top three import markets (% of total, 2019*)
Japan (18.6%)   USA (18.8%)
South Korea (15.6%)   China (12.2%)
China (12.4%)   Germany (7.3%)

* Most recent data available
Source: Economist Intelligence Unit (EIU)

Political Highlights

 


 

Economic Trend

*Estimate ^Forecast
Source: International Monetary Fund (IMF)


 

Hong Kong – Qatar Trade

Source: Census and Statistics Department of Hong Kong

 

Total exports from Hong Kong to Qatar increased by 108.2% from HK$2,910 million in 2019 to HK$6,057 million in 2020. The top three export categories to Qatar were: (1) power generating machinery and equipment (+542.1%), (2) telecommunications and sound recording and reproducing apparatus and equipment (-0.8%), and (3) articles of apparel and clothing accessories (-13.9%), which represented 76.0% of total exports to Qatar.

 

Source: Census and Statistics Department of Hong Kong

 

HKECIC Underwriting Experience

 

The Hong Kong Export Credit Insurance Corporation (HKECIC) imposes no restrictions on covering buyers in Qatar. The Corporation’s underwriting experience on Qatar has been satisfactory, with no payment difficulty or claim payment case recorded during the past 12 months (from June 2020 to May 2021).

 

Please click  here to download the charts (PDF format).

 

Last update: 24 June 2021

       
Flag and map of Tajikistan

 
Key Information
Capital   Dushanbe
Population   9.0 million
Area   143,100 sq km
Currency   Tajikistani Somoni (1 USD = 11.413 TJS as of 22 June 2021)
Official language   Tajik
Ease of doing business by World Bank   # 106 out of 190 in 2020 (↑20)
The Global Competitiveness Index by the World Economic Forum   # 104 out of 141 in 2019 (↓2)
Logistics Performance Index by World Bank   # 134 out of 160 in 2018

Source: Economist Intelligence Unit

Political Highlights

 

 

Economic Trend

*Estimate ^Forecast
Source: International Monetary Fund (IMF)


Hong Kong – Tajikistan Trade

Source: Census and Statistics Department of Hong Kong

 

Total exports from Hong Kong to Tajikistan decreased by 46.0% from HK$3.2 million in 2019 to HK$1.7 million in 2020. The top three export categories to Tajikistan were: (1) photographic apparatus, equipment and supplies and optical goods, watches and clocks (no related data in 2020), (2) office machines and automatic data processing machines (+19.2%), and (3) professional, scientific and controlling instruments and apparatus (-81.7%), which represented 86.1% of total exports to Tajikistan.

 

Source: Census and Statistics Department of Hong Kong

 

HKECIC Underwriting Experience

 

The Hong Kong Export Credit Insurance Corporation (HKECIC) offers coverage on buyers in Tajikistan with payment terms in Irrevocable Letter of Credit (ILC). In the past 12 months (from June 2020 to May 2021), there was no insured business on Tajikistan.

 

Please click here to download the charts (PDF format).

 

Last update: 22 June 2021

              
Flag and map of Croatia

 
Key Information
Capital   Zagreb
Population   4.2 million
Area   56,594 sq km
Currency   Croatian Kuna (1 USD = 6.299 HRK as of 22 June 2021)
Official language   Croatian
Ease of doing business by World Bank   # 51 out of 190 in 2020 (↑7)
The Global Competitiveness Index by the World Economic Forum   # 63 out of 141 in 2019 (↑5)
Logistics Performance Index by World Bank   # 49 out of 160 in 2018
Major merchandise exports (% of total, 2019*)   Major merchandise imports (% of total, 2019*)
Machines & transport equipment (22.2%)   Machines & transport equipment (27.2%)
Manufactured goods (16.7%)   Chemical products (14.3%)
Chemical products (14.8%)   Food, live animals, beverages & tobacco (12.7%)

* Most recent data available
Source: Economist Intelligence Unit (EIU)

Political Highlights

 

 

Economic Trend

*Estimate ^Forecast
Source: International Monetary Fund (IMF)


Hong Kong – Croatia Trade

Source: Census and Statistics Department of Hong Kong

 

Total exports from Hong Kong to Croatia increased by 52.0% from HK$ 479 million in 2019 to HK$ 729 million in 2020. The top three export categories to Croatia were: (1) telecommunications and sound recording and reproducing apparatus and equipment (+75.2%), (2) office machines and automatic data processing machines (+6.7%), and (3) electrical machinery, apparatus and appliances, and electrical parts thereof (+8.7%), which represented 88.0% of total exports to Croatia.

 

Source: Census and Statistics Department of Hong Kong

 

HKECIC Underwriting Experience

 

The Hong Kong Export Credit Insurance Corporation (HKECIC) imposes no restrictions on covering Croatia buyers. The Corporation’s underwriting experience on Croatia has been satisfactory, with no payment difficulty or claim payment case recorded during the past 12 months (from June 2020 to May 2021).

 

Please click here to download the charts (PDF format).

 

Last update: 22 June 2021

          
Flag and map of Ethiopia

 
Key Information
Capital   Addis Ababa
Population   109 million
Area   1,221,900 sq km
Currency   Ethiopian birr (1 USD = 43.53 ETB as of 2 June 2021)
Official language   Amharic
Ease of doing business by World Bank   # 159 out of 190 in 2020 (-)
The Global Competitiveness Index by the World Economic Forum   # 126 out of 141 in 2019 (↓4)
Top three export markets (% of total, 2019*)   Top three import markets (% of total, 2019*)
Sudan (27.9%)   UAE (26.8%)
Switzerland (6.1%)   China (23.4%)
USA (10.3%)   India (9.0%)

* Most recent data available
Source: Economist Intelligence Unit (EIU)

Political Highlights

 

 

Economic Trend

*Estimate ^Forecast
Source: International Monetary Fund (IMF)


Hong Kong – Ethiopia Trade

Source: Census and Statistics Department of Hong Kong

 

Total exports from Hong Kong to Ethiopia increased by 104.5% from HK$1,583 million in 2019 to HK$ 3,238 million in 2020. The top three export categories to Ethiopia were: (1) power generating machinery and equipment (+351.0%), (2) telecommunications and sound recording and reproducing apparatus and equipment (-1.0%), and (3) chemical materials and products (+1340.4%), which represented 93.9% of total exports to Ethiopia.

 

Source: Census and Statistics Department of Hong Kong

 

HKECIC Underwriting Experience

 

The Hong Kong Export Credit Insurance Corporation (HKECIC) imposes no restriction on covering Ethiopia buyers. The Corporation’s underwriting experience on Ethiopia has been satisfactory, with no payment difficulty or claim payment case reported during the past 12 months (from June 2020 to May 2021).

 

Please click here to download the charts (PDF format).

 

Last update: 2 June 2021

          
Flag and map of Azerbaijan

 
Key Information
Capital   Baku
Population   10.1 million
Area   86,600 sq km
Currency   Azerbaijani Manat (1 USD = 1.699 AZN as of 2 June 2021)
Official language   Azerbaijani
Ease of doing business by World Bank   # 34 out of 190 in 2020 (↓9)
The Global Competitiveness Index by the World Economic Forum   # 58 out of 141 in 2019 (↑11)
Major merchandise exports (% of total, 2019*)   Major merchandise imports (% of total, 2019*)
Petroleum products (89.9%)   Machinery & equipment (19.5%)
Food products & animals (3.5%)    Food products (12.0%)
Metals (0.9%)   Chemicals (9.6%)
Top three export markets (% of total, 2019*)   Top three import markets (% of total, 2019*)
Italy (28.7%)   Russia (21.1%)
Turkey (14.6%)   Turkey (15.2%)
Russia (3.7%)   China (13.2%)

* Most recent data available
Source: Economist Intelligence Unit (EIU)

Political Highlights

  

Economic Trend

*Estimate ^Forecast
Source: International Monetary Fund (IMF)

 

Hong Kong – Azerbaijan Trade

Source: Census and Statistics Department of Hong Kong

 

Total exports from Hong Kong to Azerbaijan increased by 103.7% from HK$418 million in 2019 to HK$852 million in 2020. The top three export categories to Azerbaijan were: (1) telecommunications, and sound recording and reproducing apparatus equipment (+68.5%), (2) power generating machinery and equipment (+2317.2%), and (3) office machines and automatic data processing machines (+55.1%), which represented 85.6% of total exports to Azerbaijan.

 

Source: Census and Statistics Department of Hong Kong

 

HKECIC Underwriting Experience

 

The Hong Kong Export Credit Insurance Corporation (HKECIC) imposes no restrictions on covering Azerbaijani buyers. In the past 12 months (from June 2020 to May 2021), there was no insured business on Azerbaijan.

Please click here to download the charts (PDF format).

 

Last update: 2 June 2021

  
Flag and map of Sri Lanka

 
Key Information
Capital   Colombo
Population   21.9 million
Area   65,610 sq km
Currency   Sri Lanka rupee (1 USD = 197.62 LKR as of 24 May 2021)
Official language   Sinhala, Tamil
Ease of doing business by World Bank   # 99 out of 190 in 2020 (↑1)
The Global Competitiveness Index by the World Economic Forum   # 84 out of 141 in 2019 (↑1)
Logistics Performance Index by World Bank   # 94 out of 160 in 2018
Major merchandise exports (% of total, 2019*)   Major merchandise imports (% of total, 2019*)
Textiles & garments (46.9%)   Cotton yarn & textiles (14.6%)
Tea (11.3%)   Refined petroleum (13.6%)
Rubber products (7.3%)   Machinery & transport equipment (12.5%)
Top three export markets (% of total, 2019*)   Top three import markets (% of total, 2019*)
USA (26.5%)   China (20.1%)
India (6.7%)India (16.6%)   India (16.6%)
United Kingdom (6.7%)   Singapore (8.8%)

* Most recent data available
Source: Economist Intelligence Unit (EIU)

Political Highlights

 

 

Economic Trend

*Estimate ^Forecast
Source: International Monetary Fund (IMF)

 

Hong Kong – Sri Lanka Trade

Source: Census and Statistics Department of Hong Kong

 

Total exports from Hong Kong to Sri Lanka decreased by 10.3% from HK$3.75 billion in 2019 to HK$3.36 billion in 2020. The top three export categories to Sri Lanka were: (1) telecommunications and sound recording and reproducing apparatus and equipment (+11.1%), (2) textile yarn, fabrics, made-up articles, and related products (-33.6%), and (3) power generating machinery and equipment (+20.7%), which represented 60.5% of total exports to Sri Lanka.

 

Source: Census and Statistics Department of Hong Kong

 

HKECIC Underwriting Experience

 

The Hong Kong Export Credit Insurance Corporation (HKECIC) imposes no restrictions on covering buyers in Sri Lanka. The Corporation’s underwriting experience on Sri Lanka has been acceptable, with one payment difficulty case and one claim payment case reported in the past 12 months (May 2020 to April 2021).

Please click here to download the charts (PDF format).

 

Last update: 24 May 2021

  
Flag and map of Turkmenistan

 
Key Information
Capital   Ashgabat
Population   5.9 million
Area   488,100 sq km
Currency   Turkmenistani Manat (1 USD = 3.51 TMT as of 24 May 2021)
Official language   Turkmen
Logistics Performance Index by World Bank   # 126 out of 160 in 2018
Major merchandise exports (% of total, 2019*)   Major merchandise imports (% of total, 2019*)
Gas (83.4%)   Machinery (28.0%)
Crude & refined oil (9.5%)   Metals (15.0%)
Cotton & textiles (2.1%)   Chemical products (10.0%)
Top three export markets (% of total, 2019*)   Top three import markets (% of total, 2019*)
China (79.1%)   Turkey (26.4%)
Afghanistan (3.7%)   Russia (19.2%)
Uzbekistan (3.6%)   China (15.3%)

* Most recent data available
Source: Economist Intelligence Unit (EIU)

Political Highlights

 

 

Economic Trend

*Estimate ^Forecast
Source: International Monetary Fund (IMF)

 

Hong Kong – Turkmenistan Trade

Source: Census and Statistics Department of Hong Kong

 

Total exports from Hong Kong to Turkmenistan decreased by 52.4% from HK$22.0 million in 2019 to HK$10.4 million in 2020. The top three export categories to Turkmenistan were: (1) telecommunications and sound recording and reproducing apparatus and equipment (-45.3%), (2) photographic apparatus, equipment and supplies and optical goods; watches and clocks (no such data in 2019) and (3) office machines and automatic data processing machines (-96.4%), which represented 99.8% of total exports to Turkmenistan.

 

Source: Census and Statistics Department of Hong Kong

 

HKECIC Underwriting Experience

 

The Hong Kong Export Credit Insurance Corporation (HKECIC) offers coverage on Turkmenistan buyers with payment terms in Irrevocable Letter of Credit (ILC). In the past 12 months (from May 2020 to April 2021), there was no insured business on Turkmenistan.

Please click here to download the charts (PDF format).

 

Last update: 24 May 2021

  
Flag and map of Czechia

 
Key Information
Capital   Prague
Population   10.7 million
Area   78,867 sq km
Currency   Czech koruna (1 USD = 21.32 CZK as of 10 May 2021)
Official language   Czech
Ease of doing business by World Bank   # 41 out of 190 in 2020 (↓6)
The Global Competitiveness Index by the World Economic Forum   # 32 out of 141 in 2019 (↓3)
Logistics Performance Index by World Bank   # 22 out of 160 in 2018
Major merchandise exports (% of total, 2019*)   Major merchandise imports (% of total, 2019*)
Machinery & transport equipment (58.9%)   Machinery & transport equipment (48.2%)
Intermediate Manufactured products (14.1%)   Intermediate Manufactured products (15.6%)
Miscellaneous manufactured articles (12.1%)   Miscellaneous manufactured articles (11.8%)
Top three export markets (% of total, 2019*)   Top three import markets (% of total, 2019*)
European Union (79.0%)   European Union (60.6%)
United Kingdom (4.5%)   China (15.8%)
USA (2.3%)   Russia Federation (2.8%)

* Most recent data available
Source: Economist Intelligence Unit (EIU), World Trade Organization (WTO)

Political Highlights

 

Economic Trend

*Estimate ^Forecast
Source: International Monetary Fund (IMF)


 

Hong Kong – Czechia Trade

Source: Census and Statistics Department of Hong Kong

 

Total exports from Hong Kong to Czechia decreased by 6.4% from HK$13.8 billion in 2019 to HK$12.9 billion in 2020. The top three export categories to Czechia were: (1) telecommunications, audio & video equipment (-30.2%), (2) office machines & computers (+30.0%), and (3) electrical machinery, apparatus & appliances, & parts (+43.6%), which represented 89.3% of total exports to Czechia.

 

Source: Census and Statistics Department of Hong Kong

 

HKECIC Underwriting Experience

 

The Hong Kong Export Credit Insurance Corporation (HKECIC) imposes no restrictions on covering Czechia buyers. The Corporation’s underwriting experience on Czechia has been satisfactory, with no payment difficulty or claim payment case recorded during the past 12 months (from May 2020 to April 2021).

 

Please click here to download the charts (PDF format).

 

Last update: 10 May 2021

       
Flag and map of Bosnia and Herzegovina

 
Key Information
Capital   Sarajevo
Population   3.8 million
Area   51,197 sq km
Currency   Bosnia-Herzegovina Convertible Mark (1 USD = 1.61 BAM as of 10 May 2021)
Official language   Bosnian, Croatian and Serbian
Ease of doing business by World Bank   # 90 out of 190 in 2020 (↓1)
The Global Competitiveness Index by the World Economic Forum   # 92 out of 141 in 2019 (↓1)
Logistics Performance Index by World Bank   # 72 out of 160 in 2018
Top three export markets (% of total, 2019*)   Top three import markets (% of total, 2019*)
European Union (72.3%)   European Union (61.1%)
Serbia (11.4%)   Serbia (11.1%)
Montenegro (3.5%)   China (7.4%)

* Most recent data available
Source: Economist Intelligence Unit (EIU), World Trade Organization (WTO)

Political Highlights

 

 

Economic Trend

*Estimate ^Forecast
Source: International Monetary Fund (IMF)


Hong Kong – Bosnia and Herzegovina Trade

Source: Census and Statistics Department of Hong Kong

 

Total exports from Hong Kong to Bosnia and Herzegovina decreased by 41.3% from HK$115 million in 2019 to HK$67 million in 2020. The top three export categories to Bosnia and Herzegovina were: (1) telecommunications, audio & video equipment (-49.9%), (2) photographic apparatus, equipment and supplies and optical goods; watches and clocks (+3.6%), and (3) electrical machinery, apparatus and appliances, and electrical parts thereof (-25.7%), which represented 83.9% of total exports to Bosnia and Herzegovina.

 

Source: Census and Statistics Department of Hong Kong

 

HKECIC Underwriting Experience

 

The Hong Kong Export Credit Insurance Corporation (HKECIC) offers coverage on buyers in Bosnia and Herzegovina with payment terms in Irrevocable Letter of Credit (ILC), with the exception of those under sanctions. In the past 12 months (from May 2020 to April 2021), there was no insured business on Bosnia and Herzegovina.

 

Please click here to download the charts (PDF format).

 

Last update: 10 May 2021

           
Flag and map of South Africa

 
Key Information
Capital   Cape Town (legislative), Pretoria (administrative) and Bloemfontein (judicial)
Population   57.0 million
Area   1,219,090 sq km
Currency   South African Rand (1 USD = 14.217 ZAR as of 26 April 2021)
Official language   11 languages including is Zulu and English
Ease of doing business by World Bank   # 84 out of 190 in 2020 (↓2)
The Global Competitiveness Index by the World Economic Forum   # 60 out of 141 in 2019 (↑7)
Logistics Performance Index by World Bank   # 33 out of 160 in 2018
Top three export markets (% of total, 2019*)   Top three import markets (% of total, 2019*)
China (30.7%)   China (19.6%)
Germany (8.3%)   Germany (10.5%)
USA (7.0%)   USA (7.0%)

* Most recent data available
Source: Economist Intelligence Unit (EIU)

Political Highlights

 

 

Economic Trend

*Estimate ^Forecast
Source: International Monetary Fund (IMF)


Hong Kong – South Africa Trade

Source: Census and Statistics Department of Hong Kong

 

Total exports from Hong Kong to South Africa decreased by 25.3% from HK$ 9.0 billion in 2019 to HK$ 6.7 billion in 2020. The top three export categories to South Africa were: (1) telecommunications and sound recording and reproducing apparatus and equipment (-29.6%), (2) office machines and automatic data processing machines (-9.3%), and (3) electrical machinery, apparatus and appliances, and electrical parts (-10.3%), which represented 85.9% of total exports to South Africa.

 

Source: Census and Statistics Department of Hong Kong

 

HKECIC Underwriting Experience

 

The Hong Kong Export Credit Insurance Corporation (HKECIC) imposes no restrictions on covering buyers in South Africa. The Corporation’s underwriting experience on South Africa has been satisfactory, with no payment difficulty or claim payment case recorded during the past 12 months (from April 2020 to March 2021).
 

Please click here to download the charts (PDF format).

 

Last update: 26 April 2021

          
Flag and map of Kuwait

 
Key Information
Capital   Kuwait City
Population   4.3 million
Area   17,818 sq km
Currency   Kuwaiti dinar (1 USD = 0.3012 KWD as of 21 April 2021)
Official language   Arabic
Ease of doing business by World Bank   # 83 out of 190 in 2020 (↑14)
The Global Competitiveness Index by the World Economic Forum   # 46 out of 141 in 2019 (↑8)
Logistics Performance Index by World Bank   # 63 out of 160 in 2018
Major merchandise exports (% of total, 2018*)   Major merchandise imports (% of total, 2018*)
Fuels and mining products (91.1%)   Manufactured products (78.6%)
Manufactured products (7.8%)   Agricultural products (15.5%)
Agricultural products (0.9%)   Fuels and mining products (4.0%)
Top three export markets (% of total, 2018*)   Top three import markets (% of total, 2018*)
India (18.8%)   China (16.7%)
China (15.5%)   USA (8.7%)
Iraq (9.6%)   UAE (8.6%)

* Most recent data available
Source: Economist Intelligence Unit (EIU), World Trade Organization (WTO)

Political Highlights

 

 

Economic Trend

*Estimate ^Forecast
Source: International Monetary Fund (IMF)



Hong Kong – Kuwait Trade

Source: Census and Statistics Department of Hong Kong

 

Total exports from Hong Kong to Kuwait increased by 9.3% from HK$1,450 million in 2019 to HK$1,585 million in 2020. The top three export categories to Kuwait were: (1) telecommunications and sound recording and reproducing apparatus and equipment (+15.0%), (2) office machines and automatic data processing machines (+41.2%), and (3) photographic apparatus, equipment and supplies and optical goods; watches and clocks (-34.8%), which represented 78.4% of total exports to Kuwait.

 

Source: Census and Statistics Department of Hong Kong

 

HKECIC Underwriting Experience

 

The Hong Kong Export Credit Insurance Corporation (HKECIC) imposes no restrictions on covering buyers in Kuwait. The Corporation’s underwriting experience on Kuwait has been satisfactory, with one payment difficulty case and one claim payment case recorded during the past 12 months (from April 2020 to March 2021).

 

Please click here to download the charts (PDF format).

 

Last update: 21 April 2021

          
Flag and map of Armenia

 
Key Information
Capital   Yerevan
Population   3.0 million
Area   29,800 sq km
Currency   Armenian Dram (1 USD = 520.88 AMD as of 21 April 2021)
Official language   Armenian
Ease of doing business by World Bank   # 47 out of 190 in 2020 (↓ 6)
The Global Competitiveness Index by the World Economic Forum   # 69 out of 141 in 2019 (↑1)
Logistics Performance Index by World Bank   # 92 out of 160 in 2018
Top three export markets (% of total, 2019*)   Top three import markets (% of total, 2019*)
Russia (27.8%)    Russia (26.8%)
Switzerland (17.3%)   China (13.6%)
Bulgaria (7.9%)    Germany (6.9%)

* Most recent data available
Source: Economist Intelligence Unit (EIU)

Political Highlights

 

 

Economic Trend

*Estimate ^Forecast
Source: International Monetary Fund (IMF)



Hong Kong – Armenia Trade

Source: Census and Statistics Department of Hong Kong

 

Total exports from Hong Kong to Armenia increased by 17.8% from HK$303 million in 2019 to HK$357 million in 2020. The top three export categories to Armenia were: (1) non-metallic mineral manufactures (+34.3%), (2) telecommunications and sound recording and reproducing apparatus and equipment (+34.1%) and (3) office machines and automatic data processing machines (+63.6%), which represented 95.1% of total exports to Armenia.

 

Source: Census and Statistics Department of Hong Kong

 

HKECIC Underwriting Experience

 

The Hong Kong Export Credit Insurance Corporation (HKECIC) offers coverage on Armenian buyers with payment terms in Irrevocable Letter of Credit (ILC). In the past 12 months (from April 2020 to March 2021), there was no insured business on Armenia.

 

Please click here to download the charts (PDF format).

 

Last update: 21 April 2021

          
Flag and map of Hungary

 
Key Information
Capital   Budapest
Population   9.7 million
Area   93,028 sq km
Currency   Hungarian Forint (1 USD = 299.60 HUF as of 20 April 2021)
Official language   Hungarian
Ease of doing business by World Bank   # 52 out of 190 in 2020 (↑1)
The Global Competitiveness Index by the World Economic Forum   # 47 out of 141 in 2019 (↑1)
Logistics Performance Index by World Bank   # 31 out of 160 in 2018
Major merchandise exports (% of total, 2019*)   Major merchandise imports (% of total, 2019*)
Machinery & equipment (57.4%)   Machinery & equipment (48.2%)
Manufactured products (30.6%)   Manufactured products (35.8%)
Food, beverages & tobacco (7.0%)   Fuels & energy (8.0%)
Top three export markets (% of total, 2019*)   Top three import markets (% of total, 2019*)
Germany (28.1%)    Germany (25.6%)
Slovakia (5.4%)   China (7.2%)
Romania (5.3%)   Austria (6.5%)

* Most recent data available
Source: Economist Intelligence Unit (EIU)

Political Highlights

 

 

Economic Trend

*Estimate ^Forecast
Source: International Monetary Fund (IMF)


Hong Kong – Hungary Trade

Source: Census and Statistics Department of Hong Kong

 

Total exports from Hong Kong to Hungary decreased by 6.8% from HK$12.6 billion in 2019 to HK$11.7 billion in 2020. The top three export categories to Hungary were: (1) electrical machinery, apparatus and appliances, and electrical parts thereof (+64.0%), (2) office machines and automatic data processing machines (-21.4%) and (3) telecommunications and sound recording and reproducing apparatus and equipment (-57.4%), which represented 86.3% of total exports to Hungary.

Source: Census and Statistics Department of Hong Kong

 

HKECIC Underwriting Experience

 

The Hong Kong Export Credit Insurance Corporation (HKECIC) imposes no restrictions on covering buyers in Hungary. The Corporation’s underwriting experience on Hungary has been satisfactory, with no payment difficulty or claim payment case recorded during the past 12 months (from April 2020 to March 2021).

 

Please click here to download the charts (PDF format).

 

Last update: 20 April 2021

          
Flag and map of Dominican Republic

 
Key Information
Capital   Santo Domingo
Population   10.6 million
Area   48,511 sq km
Currency   Dominican peso (1 USD = 56.95 DOP as of 20 April 2021)
Official language   Spanish
Ease of doing business by World Bank   # 115 out of 190 in 2020 (↓13)
The Global Competitiveness Index by the World Economic Forum   # 78 out of 141 in 2019 (↑4)
Logistics Performance Index by World Bank   # 87 out of 160 in 2018
Top three export markets (% of total, 2019)   Top three import markets (% of total, 2019)
USA (50.5%)   USA (43.8%)
Haiti (8.3%)   China (15.5%)
Switzerland (5.2%)   Mexico (3.5%)

* Most recent data available
Source: Economist Intelligence Unit (EIU)

Political Highlights

 

 

Economic Trend

*Estimate ^Forecast
Source: International Monetary Fund (IMF)



Hong Kong – Dominican Republic Trade

Source: Census and Statistics Department of Hong Kong

 

Total exports from Hong Kong to Dominican Republic decreased by 34.6% from HK$1.36 billion in 2019 to HK$ 0.89 billion in 2020. The top three export categories to Dominican Republic were: (1) office machines and automatic data processing machines (+38.9%), (2) telecommunications and sound recording and reproducing apparatus and equipment (+38.1%), and (3) textile yarn, fabrics, made-up articles, and related products (+6.0%), which represented 83.0% of total exports to Dominican Republic.

 

Source: Census and Statistics Department of Hong Kong

 

HKECIC Underwriting Experience

 

The Hong Kong Export Credit Insurance Corporation (HKECIC) imposes no restriction on covering Dominican Republic buyers. The Corporation’s underwriting experience on Dominican Republic has been satisfactory, with no payment difficulty or claim payment case recorded during the past 12 months (from April 2020 to March 2021).

 

Please click here to download the charts (PDF format).

 

Last update: 20 April 2021

          
Flag and map of Kiribati

 
Key Information
Capital   Tarawa
Population   0.12 million
Area   811 sq km
Currency   Australian dollar (1 USD = 1.2901 AUD as of 26 February 2021)
Official language   I-Kiribati, English
Ease of doing business by World Bank   # 164 out of 190 in 2020 (↓6)

Source: Economist Intelligence Unit (EIU)

Political Highlights

 

Economic Trend

*Estimate ^Forecast
Source: International Monetary Fund (IMF)

 

Hong Kong – Kiribati Trade

Source: Census and Statistics Department of Hong Kong

 

Total exports from Hong Kong to Kiribati decreased by 17.1% from HK$7.8 million in 2019 to HK$6.5 million in 2020. The top three export categories to Kiribati were: (1) telecommunications and sound recording and reproducing apparatus and equipment (-23.6%), (2) office machines and automatic processing machines (+127.3%), and (3) beverages (-24.3%), which represented 60.2% of total exports to Kiribati.

 

Source: Census and Statistics Department of Hong Kong

 

HKECIC Underwriting Experience

 

The Hong Kong Export Credit Insurance Corporation (HKECIC) offers coverage on Kiribati buyers with payment terms in Irrevocable Letter of Credit (ILC). In the past 12 months (from February 2020 to January 2021), there was no insured business on Kiribati.

 

Please click here to download the charts (PDF format).

 

Last update: 26 February 2021

       
Flag and map of Congo, Democratic Republic of the

 
Key Information
Capital   Kinshasa
Population   89.6 million
Area   2,344,885 sq km
Currency   Congolese franc (1 USD = 1,977.94 CDF as of 26 February 2021)
Official language   French, Lingala
Ease of doing business by World Bank   # 183 out of 190 in 2020 (↑1)
The Global Competitiveness Index by the World Economic Forum   # 139 out of 141 in 2019 (↓4)
Logistics Performance Index by World Bank   # 120 out of 160 in 2018
Major export markets (% of total, 2019*)   Major import markets (% of total, 2019*)
China (42.1%)   South Africa (27.0%)
South Africa (22.7%)   China (13.1%)
Tanzania (10.1%)   Zambia (6.1%)

*Most recent data available
Source: Economist Intelligence Unit (EIU)

Political Highlights

 

Economic Trend

*Estimate ^Forecast
Source: International Monetary Fund (IMF)

 

Hong Kong – Congo, Democratic Republic of the Trade

Source: Census and Statistics Department of Hong Kong

 

Total exports from Hong Kong to Democratic Republic of the Congo increased by 12.1% from HK$379 million in 2019 to HK$425 million in 2020. The top three export categories to Democratic Republic of the Congo were: (1) telecommunications and sound recording and reproducing apparatus and equipment (+11.6%), (2) electrical machinery, apparatus and appliances, and electrical parts thereof (+24.0%), and (3) chemical materials and products (+1061.7%), which represented 96.4% of total exports to Democratic Republic of the Congo.

Source: Census and Statistics Department of Hong Kong

 

HKECIC Underwriting Experience

 

The Hong Kong Export Credit Insurance Corporation (HKECIC) offers coverage on buyers in Democratic Republic of the Congo with payment terms in Irrevocable Letter of Credit (ILC), with the exception of those under sanctions. In the past 12 months (from February 2020 to January 2021), there was no insured business on Democratic Republic of the Congo.

 

Please click here to download the charts (PDF format).

 

Last update: 26 February 2021

       
Flag and map of Botswana

 
Key Information
Capital   Gaborone
Population   2.3 million
Area   581,730 sq km
Currency   Botswana pule (1 USD = 10.9709 BWP as of 2 February 2021)
Official language   Setswana, English
Ease of doing business by World Bank   # 87 out of 190 in 2020 (↓1)
Logistics Performance Index by World Bank   # 91 out of 141 in 2019 (↓1)
Top three export markets (% of total, 2019)   Top three import markets (% of total, 2019)
UAE (32.9%)   South Africa (63.2%)
India (13.2%)   Namibia (10.6%)
Belgium (16.8%)   USA (6.1%)

Source: Economist Intelligence Unit (EIU)

Political Highlights

 

Economic Trend

*Estimate ^Forecast
Source: International Monetary Fund (IMF)

 

Hong Kong – Botswana Trade

Source: Census and Statistics Department of Hong Kong

 

Total exports from Hong Kong to Botswana decreased by 64.7% from HK$370 million in 2019 to HK$131 million in 2020. The top three export categories to Botswana were: (1) telecommunications and sound recording and reproducing apparatus and equipment (+7.9%), (2) medicinal and pharmaceutical products (no such data in 2019), and (3) non-metallic mineral manufactures (-93.2%), which represented 84.3% of total exports to Botswana.

 

Source: Census and Statistics Department of Hong Kong

 

HKECIC Underwriting Experience

 

The Hong Kong Export Credit Insurance Corporation (HKECIC) imposes no restrictions on covering Botswana buyers. In the past 12 months (from February 2020 to January 2021), there was no insured business on Botswana.

 

Please click here to download the charts (PDF format).

 

Last update: 3 February 2021

        
Flag and map of Niger

 
Key Information
Capital   Niamey
Population   24.2 million
Area   1,267,000 sq km
Currency   CFA franc (1 USD = 545.129 XOF as of 3 February 2021)
Official language   French, Hausa
Ease of doing business by World Bank   # 132 out of 190 in 2020 (↑11)
Logistics Performance Index by World Bank   # 157 out of 160 in 2018
Top three export markets (% of total, 2019)   Top three import markets (% of total, 2019)
Thailand (28.5%)   China (30.6%)
China (13.1%)   France (18.0%)
USA (11.3%)    USA (6.1%)

Source: Economist Intelligence Unit (EIU)

Political Highlights

 

Economic Trend

*Estimate ^Forecast
Source: International Monetary Fund (IMF)

 

Hong Kong – Niger Trade

Source: Census and Statistics Department of Hong Kong

 

Total exports from Hong Kong to Niger decreased by 9.4% from HK$25 million in 2019 to HK$22 million in 2020. The top three export categories to Niger were: (1) chemical materials and products (+9753.1%), (2) telecommunications and sound recording and reproducing apparatus and equipment (-76.4%), and (3) Electrical machinery, apparatus and appliances, and electrical parts thereof (+206.2%), which represented 78.9% of total exports to Niger.

 

Source: Census and Statistics Department of Hong Kong

 

HKECIC Underwriting Experience

 

The Hong Kong Export Credit Insurance Corporation (HKECIC) offers coverage on Niger buyers with payment terms in Irrevocable Letter of Credit (ILC). In the past 12 months (from February 2020 to January 2021), there was no insured business on Niger.

 

Please click here to download the charts (PDF format).

 

Last update: 3 February 2021

       
Flag and map of Yemen

 
Key Information
Capital   Sanaa
Population   29.8 million
Area   527,968 sq km
Currency   Yemeni riyal 1 USD = 250.394 YER as of 28 December 2020)
Official language   Arabic
Ease of doing business by World Bank   # 187 out of 190 in 2020 (-)
The Global Competitiveness Index by the World Economic Forum   # 140 out of 141 in 2019 (↓1)
Logistics Performance Index by World Bank   # 140 out of 160 in 2018
Top three export markets (% of total, 2019)   Top three import markets (% of total, 2019)
Egypt (40.0%)   Argentina (24.0%)
Turkey (22.6%)   Brazil (10.4%)
Oman (8.5%)   India (6.4%)

Source: Economist Intelligence Unit (EIU)

Political Highlights

 

 

Economic Trend

*Estimate ^Forecast
Source: International Monetary Fund (IMF)

 

Hong Kong – Yemen Trade

Source: Census and Statistics Department of Hong Kong

 

Total exports from Hong Kong to Yemen increased by 98.2% from HK$4.5 million in 2018 to HK$8.9 million in 2019. The top three export categories to Yemen were: (1) electrical machinery, apparatus & appliances and electrical parts thereof (+104.0%), (2) telecommunications and sound recording and reproducing apparatus and equipment (+797.7%), and (3) professional, scientific and controlling instruments and apparatus (-5.6%), which represented 80.0% of total exports to Yemen.

 

Source: Census and Statistics Department of Hong Kong

 

HKECIC Underwriting Experience

 

The Hong Kong Export Credit Insurance Corporation (HKECIC) offers coverage on Yemeni buyers with payment terms in Irrevocable Letter of Credit (ILC). In the past 12 months (from January 2020 to December 2020), there was no insured business on Yemen.

 

Please click here to download the charts (PDF format).

 

Last update: 29 January 2021

     
Flag and map of Poland

 
Key Information
Capital   Warsaw
Population   38.4 million
Area   311,889 sq km
Currency   Polish Zloty (1 USD = 3.67091 PLN as of 30 December 2020)
Official language   Polish
Ease of doing business by World Bank   # 40 out of 190 in 2020 (↓7)
The Global Competitiveness Index by the World Economic Forum   # 37 out of 141 in 2019 (-)
Logistics Performance Index by World Bank   # 28 out of 160 in 2018
Major merchandise exports (% of total, 2019)   Major merchandise imports (% of total, 2019)
Machinery & transport equipment (38.1%)   Machinery & transport equipment (36.3%)
Manufactured goods (18.1%)   Manufactured goods (16.4%)
Food & live animals (10.7%)   Chemicals & chemical products (13.5%)
Top three export markets (% of total, 2019)   Top three import markets (% of total, 2019)
Germany (27.5%)    Germany (26.7%)
Czech Republic (6.1%)   China (8.8%)
UK (6.0%)   Russia (6.1%)

Source: Economist Intelligence Unit (EIU)

Political Highlights

 

 

Economic Trend

*Estimate ^Forecast
Source: International Monetary Fund (IMF)


 

Hong Kong – Poland Trade

Source: Census and Statistics Department of Hong Kong

 

Total exports from Hong Kong to Poland decreased by 4.8% from HK$13.18 billion in 2018 to HK$12.54 billion in 2019. The top three export categories to Poland were: (1) telecommunications and sound recording and reproducing apparatus and equipment (-5.6%), (2) electrical machinery, apparatus and appliances, and electrical parts thereof (-10.1%) and (3) office machines and automatic data processing machines (+46.6%), which represented 74.5% of total exports to Poland.

Source: Census and Statistics Department of Hong Kong

 

HKECIC Underwriting Experience

 

The Hong Kong Export Credit Insurance Corporation (HKECIC) imposes no restrictions on covering buyers in Poland. The Corporation’s underwriting experience on Poland has been satisfactory, with one payment difficulty case and one claim payment case reported in the past 12 months (from January 2020 to December 2020).
 

Please click here to download the charts (PDF format).

 

Last update: 29 January 2021

       
Flag and map of Thailand

 
Key Information
Capital   Wellington
Population   4.9 million
Area   270,534 sq km
Currency   New Zealand Dollar (1 USD = 1.40126 NZD as of 30 December 2020)
Official language   English
Form of government   Constitutional monarchy and parliamentary democracy
Ease of doing business by World Bank   # 1 out of 190 in 2020 (-)
The Global Competitiveness Index by the World Economic Forum   # 19 out of 141 in 2019 (↓1)
Logistics Performance Index by World Bank   # 15 out of 160 in 2018
Major merchandise exports (% of total, 2019)   Major merchandise imports (% of total, 2019)
Dairy products (26.2%)   Machinery & electrical equipment (23.0%)
Meat products (13.4%)   Transport equipment (16.0%)
Forestry products (8.4%)   Mineral fuels (11.2%)
Top three export markets (% of total, 2019)   Top three import markets (% of total, 2019)
China (28.3%)   China (20.2%)
Australia (14.7%)   Australia (11.5%)
USA (9.6%)   USA (10.0%)

Source: Economist Intelligence Unit

Political Highlights

 

 

Economic Trend

*Estimate ^Forecast
Source: International Monetary Fund (IMF)


Hong Kong – New Zealand Trade

Source: Census and Statistics Department of Hong Kong

 

Total exports from Hong Kong to New Zealand increased by 1.6% from HK$5,175 million in 2018 to HK$5,259 million in 2019. The top three export categories to New Zealand were: (1) telecommunications and sound recording and reproducing apparatus and equipment (-3.9%), (2) power generating machinery and equipment (+38.4%) and (3) office machines and automatic data processing machines (-0.3%), which represented 58.9% of total exports to New Zealand.

 

Source: Census and Statistics Department of Hong Kong

 

HKECIC Underwriting Experience

 

The Hong Kong Export Credit Insurance Corporation (HKECIC) imposes no restrictions on covering buyers in New Zealand. The Corporation’s underwriting experience on New Zealand has been satisfactory, with no payment difficulty or claim payment case recorded during the past 12 months (from January 2020 to December 2020).

 

Please click here to download the charts (PDF format).

 

Last update: 29 January 2021

       
Flag and map of Georgia

 
Key Information
Capital   Tbilisi
Population   4.9 million
Area   69,700 sq km
Currency   Georgian Lari (1 USD = 3.2949 GEL as of 29 January 2021)
Official language   Georgian
Form of government   Semi-presidential republic
Ease of doing business by World Bank   # 7 out of 190 in 2020 (↓1)
The Global Competitiveness Index by the World Economic Forum   # 74 out of 141 in 2019 (↓8)
Logistics Performance Index by World Bank   # 119 out of 160 in 2018
Major merchandise exports (% of total, 2019*)   Major merchandise imports (% of total, 2019*)
Manufactured goods (34.0%)   Machinery & transport equipment (26.8%)
Crude materials (20.0%)   Manufactured goods (15.6%)
Beverages & tobacco (15.7%)   Mineral fuels, lubricants & related materials (13.9%)

*Most recent data available
Source: Economist Intelligence Unit (EIU)

Political Highlights

 

Economic Trend

*Estimate ^Forecast
Source: International Monetary Fund (IMF)

 

Hong Kong – Georgia Trade

Source: Census and Statistics Department of Hong Kong

 

Total exports from Hong Kong to Georgia decreased by 45.1% from HK$407 million in 2018 to HK$223 million in 2019. The top three export categories to Georgia were: (1) telecommunications and sound recording and reproducing apparatus and equipment (-37.6%), (2) photographic apparatus, equipment and supplies and optical goods; watches and clocks (+9.0%), and (3) Tobacco and tobacco manufactures (-50.8%), which represented 71.3% of total exports to Georgia.

 

Source: Census and Statistics Department of Hong Kong

 

HKECIC Underwriting Experience

 

The Hong Kong Export Credit Insurance Corporation (HKECIC) imposes no restrictions on covering buyers in Georgia. In the past 12 months (from January 2020 to December 2020), there was no insured business on Georgia.

 

Please click here to download the charts (PDF format).

 

Last update: 29 January 2021

       
Flag and map of  Saudi Arabia

 
Key Information
Capital   Riyadh
Population   33.2 million
Area   2,149,690 sq km
Currency   Saudi Riyal (pegged to the US dollar at 1 USD = 3.75 SAR)
Official language   Arabic
Form of government   Monarchy
Ease of doing business by World Bank   # 62 out of 190 in 2020 (↑30)
The Global Competitiveness Index by the World Economic Forum   # 36 out of 141 in 2019 (↑3)
Logistics Performance Index by World Bank   # 55 out of 160 in 2018
Major merchandise exports (% of total, 2019)   Major merchandise imports (% of total, 2019)
Mineral products (77.5%)   Machinery & transport equipment (41.4%)
Plastics (7.3%)    Foodstuffs (14.1%)
Chemicals (7.1%)   Chemical & metal products (9.3%)
Top three export markets (% of total, 2019)   Top three import markets (% of total, 2019)
China (18.3%)   China (19.1%)
India (10.5%)   USA (11.7%)
Japan (10.3%)   UAE (7.6%)

Source: Economist Intelligence Unit (EIU)

Political Highlights

 


 

Economic Trend

*Estimate ^Forecast
Source: International Monetary Fund (IMF)

 

 

Hong Kong – Saudi Arabia Trade

Source: Census and Statistics Department of Hong Kong

 

Total exports from Hong Kong to Saudi Arabia increased by 49.8% from HK$7,870 million in 2018 to HK$11,793 million in 2019. The top three export categories to Saudi Arabia were: (1) telecommunications and sound recording and reproducing apparatus and equipment (-12.4%), (2) power generating machinery and equipment (+3456.9%), and (3) office machines and automatic data processing machines (+20.6%), which represented 67.3% of total exports to Saudi Arabia.

 

Source: Census and Statistics Department of Hong Kong

 

HKECIC Underwriting Experience

 

The Hong Kong Export Credit Insurance Corporation (HKECIC) imposes no restrictions on covering Saudi Arabian buyers. The Corporation’s underwriting experience on Saudi Arabia has been satisfactory, with no payment difficulty or claim payment case recorded during the past 12 months (from January 2020 to December 2020).

 

Please click here to download the charts (PDF format).

 

Last update: 29 January 2021

       
Flag and map of Oman

 
Key Information
Capital   Muscat
Population   462 million
Area   309,500 sq km
Currency   Omani Rial (pegged to the US dollar at 1 USD = 0.3845 OMR)
Official language   Arabic
Ease of doing business by World Bank   # 68 out of 190 in 2020 (↑10)
The Global Competitiveness Index by the World Economic Forum   # 53 out of 141 in 2019 (↓6)
Logistics Performance Index by World Bank   # 43 out of 160 in 2018
Top three export markets (% of total, 2019)   Top three import markets (% of total, 2019)
China (39.6%)   United Arab Emirates (46.5%)
Saudi Arabia (10.3%)   India (7.0%)
United Arab Emirates (7.1%)   China (5.5%)

Sources: Economist Intelligence Unit

Political Highlights

 

 

Economic Trend

*Estimate ^Forecast
Source: International Monetary Fund (IMF)

 

Hong Kong – Oman Trade

Source: Census and Statistics Department of Hong Kong

 

Total exports from Hong Kong to Oman increased by 1.8% from HK$1,245 million in 2018 to HK$1,267 million in 2019. The top three export categories to Oman were: (1) telecommunications and sound recording and reproducing apparatus and equipment (-9.9%), (2) power generating machinery and equipment (-12.2%), and (3) office machines and automatic data processing machines (-39.5%), which represented 60.4% of total exports to Oman.

 

Source: Census and Statistics Department of Hong Kong

 

HKECIC Underwriting Experience

 

The Hong Kong Export Credit Insurance Corporation (HKECIC) imposes no restrictions on covering Omani buyers. The Corporation’s underwriting experience on Oman has been satisfactory, with no payment difficulty or claim payment case recorded during the past 12 months (from January 2020 to December 2020).

 

Please click here to download the charts (PDF format).

 

Last update: 29 January 2021

 

       
Flag and map of Uzbekistan

 
Key Information
Capital   Tashkent
Population   34.0 million
Area   447,400 sq km
Currency   Uzbekistan Som (1 USD = 10,487.44 UZS as of 24 December 2020)
Official language   Uzbek
Ease of doing business by World Bank   # 69 out of 190 in 2020 (↑7)
The Global Competitiveness Index by the World Economic Forum   # 99 out of 160 in 2018
 
Top three export markets (% of total, 2019)   Top three import markets (% of total, 2019)
China (16.0%)   China (23.1%)
Russia (13.9%)   Russia (18.2%)
Kazakhstan (8.8%)   Kazakhstan (8.8%)

Source: Economist Intelligence Unit (EIU)

Political Highlights

Economic Trend

*Estimate ^Forecast
Source: International Monetary Fund (IMF)



Hong Kong – Uzbekistan Trade

Source: Census and Statistics Department of Hong Kong

 

Total exports from Hong Kong to Uzbekistan increased by 34.9% from HK$202 million in 2018 to HK$273 million in 2019. The top three export categories to Uzbekistan were: (1) telecommunications and sound recording and reproducing apparatus and equipment (+22.5%), (2) office machines and automatic data processing machines (+7.5%), and (3) electrical machinery, apparatus and appliances, and electrical parts thereof (+13.1%), which represented 80.9% of total exports to Uzbekistan.

Source: Census and Statistics Department of Hong Kong

 

HKECIC Underwriting Experience

 

The Hong Kong Export Credit Insurance Corporation (HKECIC) offers coverage on Uzbekistani buyers with payment terms in Irrevocable Letter of Credit (ILC). In the past 12 months (from January 2020 to December 2020), there was no insured business on Uzbekistan.

 

Please click here to download the charts (PDF format).

 

Last update: 29 January 2021

              
Flag and map of United Arab Emirates

 
Key Information
Capital   Abu Dhabi
Population   10.0 million
Area   83,600 sq km
Currency   UAE dirham (pegged with USD at 1 USD = 3.6725 AED)
Official language   Arabic
Ease of doing business by World Bank   # 16 out of 190 in 2020 (↓5)
The Global Competitiveness Index by the World Economic Forum   # 25 out of 141 in 2019 (↑2)
Logistics Performance Index by World Bank   # 11 out of 160 in 2018
Top three export markets (% of total, 2019)   Top three import markets (% of total, 2019)
India (12.1%)   China (16.2%)
Japan (10.5%)   India (8.9%)
China (6.1%)   USA (8.0%)

Source: Economist Intelligence Unit (EIU)

Political Highlights

 

 

Economic Trend

*Estimate ^Forecast
Source: International Monetary Fund (IMF)


Hong Kong – UAE Trade

Source: Census and Statistics Department of Hong Kong

 

Total exports from Hong Kong to UAE increased by 7.1% from HK$47.42 billion in 2018 to HK$50.77 billion in 2019. The top three export categories to UAE were: (1) telecommunications and sound recording and reproducing apparatus and equipment (+37.1%), (2) non-metallic mineral manufactures (-0.8%), and (3) office machines and automatic data processing machines (-35.4%), which represented 83.0% of total exports to UAE.

 

Source: Census and Statistics Department of Hong Kong

 

HKECIC Underwriting Experience

 

The Hong Kong Export Credit Insurance Corporation (HKECIC) imposes no restrictions on covering buyers in UAE. The Corporation’s underwriting experience on UAE has been satisfactory, with no payment difficulty and three claim payment cases of small amount recorded during the past 12 months (from January 2020 to December 2020).

 

Please click here to download the charts (PDF format).

 

Last update: 21 January 2021

           
Flag and map of Kazakhstan

 
Key Information
Capital   Astana
Population   18.5 million
Area   2,717,300 sq km
Currency   Kazakhstani Tenge (1 USD = 419.095 KZT as of 18 December 2020)
Official language   Kazakh, Russian
Ease of doing business by World Bank   # 25 out of 190 in 2020 (↑3)
The Global Competitiveness Index by the World Economic Forum   # 55 out of 141 in 2019 (↑4)
Logistics Performance Index by World Bank   # 71 out of 160 in 2018
Major merchandise exports (% of total, 2019)   Major merchandise imports (% of total, 2019)
Mineral products (74.6%)   Machinery & transport equipment (40.3%)
Metals (13.6%)   Chemicals (15.9%)
Food products (5.0%)   Metals (12.5%)
Top three export markets (% of total, 2019)   Top three import markets (% of total, 2019)
Italy (14.4%)   Russia (35.4%)
China (13.5%)   China (16.5%)
Russia (9.6%)   South Korea (8.6%)

Source: Economist Intelligence Unit (EIU)

Political Highlights

 

 

Economic Trend

*Estimate ^Forecast
Source: International Monetary Fund (IMF)


Hong Kong – Kazakhstan Trade

Source: Census and Statistics Department of Hong Kong

 

Total exports from Hong Kong to Kazakhstan decreased by 9.4% from HK$1,604 million in 2018 to HK$1,454 million in 2019. The top three export categories to Kazakhstan were: (1) telecommunications and sound recording and reproducing apparatus and equipment (-3.8%), (2) office machines and automatic data processing machines (-35.1%), and (3) electrical machinery, apparatus and appliances, and electrical parts thereof (+32.6%), which represented 95.2% of total exports to Kazakhstan.

 

Source: Census and Statistics Department of Hong Kong

 

HKECIC Underwriting Experience

 

The Hong Kong Export Credit Insurance Corporation (HKECIC) imposes no restrictions on covering Kazakhstan buyers. In the past 12 months (from January 2020 to December 2020), there was no claim payment or payment difficulty case reported.

 

Please click here to download the charts (PDF format).

 

Last update: 2 January 2020

           
Flag and map of Jordan

 
Key Information
Capital   Amman
Population   10.8 million
Area   89,206 sq km
Currency   Jordanian dinar (pegged to the US dollar at 1 USD = 0.709 JOD)
Official language   Arabic
Ease of doing business by World Bank   # 75 out of 190 in 2020 (↑29)
The Global Competitiveness Index by the World Economic Forum   # 70 out of 141 in 2019 (↑3)
Logistics Performance Index by World Bank   # 84 out of 160 in 2018
Major merchandise exports (% of total, 2019)   Major merchandise imports (% of total, 2019)
Manufactured goods (32.7%)   Machinery & transport equipment (28.8%)
Chemicals (20.2%)   Manufactured goods (18.0%)
Food & live animals (12.9%)   Food & live animals (17.7%)
Top three export markets (% of total, 2019)   Top three import markets (% of total, 2019)
USA (27.4%)   Saudi Arabia (16.0%)
Saudi Arabia (10.8%)   China (15.9%)
India (10.0%)   USA (8.2%)

Source: Economist Intelligence Unit

Political Highlights

 

 

Economic Trend

*Estimate ^Forecast
Source: International Monetary Fund (IMF)


Hong Kong – Jordan Trade

Source: Census and Statistics Department of Hong Kong

 

Total exports from Hong Kong to Jordan increased by 2.5% from HK$1.76 billion in 2018 to HK$1.80 billion in 2019. The top three export categories to Jordan were: (1) telecommunications, audio & video equipment (-24.0%), (2) textile yarn, fabrics, made-up articles, and related products (-1.5%), and (3) photographic apparatus, equipment and supplies and optical goods; watches and clocks (+18.4%), which represented 62.9% of total exports to Jordan.

 

Source: Census and Statistics Department of Hong Kong

 

HKECIC Underwriting Experience

 

The Hong Kong Export Credit Insurance Corporation (HKECIC) imposes no restrictions on covering Jordan buyers. In the past 12 months (from January 2020 to December 2020), there was no claim payment or payment difficulty case reported.

 

Please click here to download the charts (PDF format).

 

Last update: 2 January 2021

            
Flag and map of Suriname

 
Key Information
Capital   Paramaribo
Population   0.6 million
Area   163,820 sq km
Currency   Suriname dollar (1 USD = 14.1526 SRD as of 26 November 2020)
Official language   Dutch
Ease of doing business by World Bank   # 162 out of 190 in 2020 (↑3)
Top three export markets (% of total, 2019)   Top three import markets (% of total, 2019)
UAE (61.3%)   USA (28.8%)
Belgium (13.8%)   Netherlands (15.9%)
Brazil (4.0%)   China (11.3%)

Source: Economist Intelligence Unit (EIU)

Political Highlights

 

 

Economic Trend

*Estimate ^Forecast
Source: International Monetary Fund (IMF)



Hong Kong – Suiname Trade

Source: Census and Statistics Department of Hong Kong

 

Total exports from Hong Kong to Suriname decreased by 2.4% from HK$41.8 million in 2018 to HK$40.8 million in 2019. The top three export categories to Suriname were: (1) telecommunications and sound recording and reproducing apparatus and equipment (-11.3%), (2) miscellaneous edible products and preparations (+1.4%), and (3) medicinal and pharmaceutical products (+54.1%), which represented 74.3% of total exports to Suriname.

 

Source: Census and Statistics Department of Hong Kong

 

HKECIC Underwriting Experience

 

The Hong Kong Export Credit Insurance Corporation (HKECIC) imposes no restriction on covering Suriname buyers. In the past 12 months (from November 2019 to October 2020), there was no insured business on Suriname.

 

Please click here to download the charts (PDF format).

 

Last update: 26 November 2020

           
Flag and map of Ecuador

 
Key Information
Capital   Quito
Population   16.9 million
Area   276,840 sq km
Currency   US Dollar
Official language   Spanish
Form of government   Presidential republic
Ease of doing business by World Bank   # 129 out of 190 in 2020 (↓3)
The Global Competitiveness Index by the World Economic Forum   # 90 out of 141 in 2019 (↓4)
Logistics Performance Index by World Bank   # 62 out of 160 in 2018
Major merchandise exports (% of total, 2019)   Major merchandise imports (% of total, 2019)
Oil & oil products (38.9%)   Raw materials (30.8%)
Shrimp (17.4%)   Capital goods (23.8%)
Banana & plantain (14.8%)   Fuel & lubricants (21.1%)
Top three export markets (% of total, 2019)   Top three import markets (% of total, 2019)
USA (30.0%)   USA (23.3%)
China (13.0%)   China (16.5%)
Peru (6.7%)   Colombia (8.3%)

Source: Economist Intelligence Unit

Political Highlights

 

 

Economic Trend

*Estimate ^Forecast
Source: International Monetary Fund (IMF)



Hong Kong – Ecuador Trade

Source: Census and Statistics Department of Hong Kong

 

Total exports from Hong Kong to Ecuador decreased by 33.5% from HK$1.10 billion in 2018 to HK$0.73 billion in 2019. The top three export categories to Ecuador were: (1) telecommunications and sound recording and reproducing apparatus and equipment (-34.5%), (2) office machines and automatic data processing machines (-62.2%), and (3) electrical machinery, apparatus and appliances, and electrical parts thereof (-25.1%), which represented 79.5% of total exports to Ecuador.

 

Source: Census and Statistics Department of Hong Kong

 

HKECIC Underwriting Experience

 

The Hong Kong Export Credit Insurance Corporation (HKECIC) imposes no restrictions on covering Ecuadorian buyers. In the past 12 months (from November 2019 to October 2020), there was no claim payment or payment difficulty case reported.

 

Please click here to download the charts (PDF format).

 

Last update: 26 November 2020

              
Flag and map of Togo

 
Key Information
Capital   Lome
Population   8.3 million
Area   56,785 sq km
Currency   West African CFA franc (fixed to the Euro at 1 EUR = 655.957 XOF)
Official language   French
Ease of doing business by World Bank   # 97 out of 190 in 2020 (↑40)
Logistics Performance Index by World Bank   # 118 out of 160 in 2018
Top three export markets (% of total, 2019)   Top three import markets (% of total, 2019)
Burkina Faso (12.3%)   China (12.8%)
Benin (10.3%)   France (8.1%)
India (9.9%)   USA (6.6%)

Source: Economist Intelligence Unit (EIU)

Political Highlights

 

 

Economic Trend

*Estimate ^Forecast
Source: International Monetary Fund (IMF)


 

 

Hong Kong – Togo Trade

Source: Census and Statistics Department of Hong Kong

 

Total exports from Hong Kong to Togo increased by 36.5% from HK$2.41 billion in 2018 to HK$3.29 billion in 2019. The top three export categories to Togo were: (1) telecommunications and sound recording and reproducing apparatus and equipment (+37.4%), (2) electrical machinery, apparatus and appliances and electrical parts thereof (-60.4%) and (3) office machines and automatic data processing machines (+165.7%), which represented 99.6% of total exports to Togo.

 

HKECIC Underwriting Experience

 

The Hong Kong Export Credit Insurance Corporation (HKECIC) imposes no restrictions on covering Togolese buyers. In the past 12 months (from November 2019 to October 2020), there was no insured business on Togo.

 

Please click here to download the charts (PDF format).

 

Last update: 24 November 2020

       
Flag and map of Seychelles

 
Key Information
Capital   Victoria
Population   0.1 million
Area   455 sq km
Currency   Seychelles Rupee (1 USD = 20.5447 SCR as of 20 November 2020)
Official language   Creole, English, French
Form of government   Unitary Republic
Ease of doing business by World Bank   # 100 out of 190 in 2020 (↓4)
The Global Competitiveness Index by the World Economic Forum   # 78 out of 141 in 2019 (↓2)
Top three export markets (% of total, 2019)   Top three import markets (% of total, 2019)
UAE (42.5%)   UAE (35.4%)
United Kingdom (17.1%)   Qatar (22.2%)
France (14.4%)UK (15.1%)   France (12.7%)

Source: Economist Intelligence Unit (EIU)

Political Highlights

 

 

Economic Trend

*Estimate ^Forecast
Source: International Monetary Fund (IMF)



Hong Kong – Seychelles Trade

Source: Census and Statistics Department of Hong Kong

 

Total exports from Hong Kong to Seychelles decreased by 53.7% from HK$29.4 million in 2018 to HK$13.6 million in 2019. The top three export categories to Seychelles were: (1) telecommunications and sound recording and reproducing apparatus and equipment (+4.0%), (2) electrical machinery, apparatus and appliances, and electrical parts thereof (-76.0%), and (3) cereals and cereal preparations (+2.2%), which represented 57.5% of total exports to Seychelles.

 

Source: Census and Statistics Department of Hong Kong

 

HKECIC Underwriting Experience

 

The Hong Kong Export Credit Insurance Corporation (HKECIC) imposes no restriction on covering Seychelles buyers. In the past 12 months (from November 2019 to October 2020), there was no insured business on Seychelles.

 

Please click here to download the charts (PDF format).

 

Last update: 20 November 2020

            
Flag and map of Tanzanian

 
Key Information
Capital   Dodoma
Population   58.0 million
Area   883,749 sq km
Currency   Tanzanian Shilling (1 USD= 2,319.42 TZS as of 20 November 2020)
Official language   Swahili, English
Ease of doing business by World Bank   # 141 out of 190 in 2020 (↑3)
The Global Competitiveness Index by the World Economic Forum   # 117 out of 141 in 2019 (↓1)
 
Top three export markets (% of total, 2019)   Top three import markets (% of total, 2019)
South Africa (18.4%)   China (21.2%)
India (14.9%   India (16.6%)
UAE (9.6%)   Japan (8.9%)

Source: Economist Intelligence Unit (EIU)

Political Highlights

 

 

Economic Trend

*Estimate ^Forecast
Source: International Monetary Fund (IMF)



Hong Kong – Tanzania Trade

Source: Census and Statistics Department of Hong Kong

 

Total exports from Hong Kong to Tanzania increased by 11.5% from HK$680 million in 2018 to HK$758 million in 2019. The top three export categories to Tanzania were: (1) telecommunications and sound recording and reproducing apparatus and equipment (+12.1%), (2) office machines and automatic data processing machines (-16.6%), and (3) electrical machinery, apparatus and appliances, and electrical parts thereof (-21.6%), which represented 95.3% of total exports to Tanzania.

 

Source: Census and Statistics Department of Hong Kong

 

HKECIC Underwriting Experience

 

The Hong Kong Export Credit Insurance Corporation (HKECIC) offers coverage on Tanzanian buyers with payment terms in Irrevocable Letter of Credit (ILC). In the past 12 months (from November 2019 to October 2020), there was no insured business on Tanzania.

 

Please click here to download the charts (PDF format).

 

Last update: 20 November 2020

             
Flag and map of Malta

 
Key Information
Capital   Valletta
Population   0.5 million
Area   316 sq km
Currency   Euro (1 EUR = 1.186 USD as of 18 November 2020)
Official language   Maltese and English
Ease of doing business by World Bank   # 88 out of 190 in 2020 (↓4)
The Global Competitiveness Index by the World Economic Forum   # 38 out of 141 in 2019 (↓2)
Logistics Performance Index by World Bank   # 69 out of 160 in 2018
Top three export markets (% of total, 2019)   Top three import markets (% of total, 2019)
Germany (15.5%)    UK (18.7%)
France (8.3%)   Italy (16.6%)
Italy (7.4%)   Germany (6.6%)

Source: Economist Intelligence Unit (EIU)

Political Highlights

 

 

Economic Trend

*Estimate ^Forecast
Source: International Monetary Fund (IMF)



Hong Kong – Malta Trade

Source: Census and Statistics Department of Hong Kong

 

Total exports from Hong Kong to Malta decreased by 15.5% from HK$143 million in 2018 to HK$121 million in 2019. The top three export categories to Malta were: (1) electrical machinery, apparatus and appliances and electrical parts thereof (+7.7%), (2) office machines and automatic data processing machines (+23.3%), and (3) non-metallic mineral manufactures (+64.7%), which represented 55.1% of total exports to Malta.

 

Source: Census and Statistics Department of Hong Kong

 

HKECIC Underwriting Experience

 

The Hong Kong Export Credit Insurance Corporation (HKECIC) imposes no restrictions on covering Malta buyers. In the past 12 months (from November 2019 to October 2020), there was no claim payment or payment difficulty case reported.

 

Please click here to download the charts (PDF format).

 

Last update: 18 November 2020

          
Flag and map of Portugal

 
Key Information
Capital   Lisbon
Population   10.3 million
Area   91,906 sq km
Currency   Euro (1 EUR = 1.186 USD as of 18 November 2020)
Official language   Portuguese
Ease of doing business by World Bank   # 39 out of 190 in 2020 (↓5)
The Global Competitiveness Index by the World Economic Forum   # 34 out of 141 in 2019 (-)
Logistics Performance Index by World Bank   # 23 out of 160 in 2018
Major merchandise exports (% of total, 2019)   Major merchandise imports (% of total, 2019)
Machinery & transport equipment (30.2%)   Machinery & transport equipment (33.8%)
Food, drinks & tobacco (10.5%)   Chemicals and related products (13.4%)
Chemicals & related products (9.0%)   Food, drinks & tobacco (12.1%)
Top three export markets (% of total, 2019)   Top three import markets (% of total, 2019)
Spain (24.9%)   Spain (30.5%)
France (13.0%)   Germany (13.4%)
Germany (12.0%)     France (9.8%)

 

Source: Economist Intelligence Unit (EIU)

Political Highlights

 

 

Economic Trend

*Estimate ^Forecast
Source: International Monetary Fund (IMF)



Hong Kong – Portugal Trade

Source: Census and Statistics Department of Hong Kong

 

Total exports from Hong Kong to Portugal decreased by 15.8% from HK$2.94 billion in 2018 to HK$2.48 billion in 2019. The top three export categories to Portugal were: (1) telecommunications and sound recording and reproducing apparatus and equipment (-29.7%), (2) electrical machinery, apparatus and appliances and electrical parts thereof (+5.6%), and (3) office machines and automatic data processing machines (-11.0%), which represented 78.8% of total exports to Portugal.

 


Source: Census and Statistics Department of Hong Kong

 

HKECIC Underwriting Experience

 

The Hong Kong Export Credit Insurance Corporation (HKECIC) imposes no restrictions on covering Portuguese buyers. The Corporation’s underwriting experience on Portugal has been satisfactory, with one payment difficulty case reported in the past 12 months (November 2019 to October 2020).

 

Please click here to download the charts (PDF format).

 

Last update: 18 November 2020

 

              
Flag and map of Chile

 
Key Information
Capital   Santiago
Population   18.7 million
Area   756,946 sq km
Currency   Chilean Peso (1 USD = 754.76 CLP as of 12 November 2020)
Official language   Spanish
Ease of doing business by World Bank   # 59 out of 190 in 2020 (↓3)
The Global Competitiveness Index by the World Economic Forum   # 33 out of 141 in 2019 (-)
Logistics Performance Index by World Bank   # 34 out of 160 in 2018
Major merchandise exports (% of total, 2018*)   Major merchandise imports (% of total, 2018*)
Copper (47.9%)   Intermediate gods (48.7%)
Fresh fruit (7.6%)   Consumer goods (29.6%)
Salmon & trout (6.3%)   Capital goods (20.2%)
Top three export markets (% of total, 2018*)   Top three import markets (% of total, 2018*)
China (33.4%)   China (23.0%)
USA (13.9%)   USA (18.5%)
Japan (9.2%)   Brazil (8.9%)

* Most recent data available
Source: Economist Intelligence Unit (EIU)

Political Highlights

 

 

Economic Trend

*Estimate ^Forecast
Source: International Monetary Fund (IMF)

 

Hong Kong – Chile Trade

Source: Census and Statistics Department of Hong Kong

 

Total exports from Hong Kong to Chile decreased by 2.8% from HK$5.92 billion in 2018 to HK$5.75 billion in 2019. The top three export categories to Chile were: (1) telecommunications and sound recording and reproducing apparatus and equipment (+0.7%), (2) office machines and automatic data processing machines (-42.4%), and (3) articles of apparel and clothing accessories (+36.5%), which represented 84.8% of total exports to Chile.

 

Source: Census and Statistics Department of Hong Kong

 

HKECIC Underwriting Experience

 

The Hong Kong Export Credit Insurance Corporation (HKECIC) imposes no restrictions on covering Chilean buyers. The Corporation’s underwriting experience on Chile has been satisfactory, with no payment difficulty or claim payment case recorded during the past 12 months (from November 2019 to October 2020).

 

Please click here to download the charts (PDF format).

 

Last update: 12 November 2020

     
Flag and map of El Salvador

 
Key Information
Capital   San Salvador
Population   6.4 million
Area   20,720 sq km
Currency   USD and El Salvador Colon (1 USD = 8.75 SVC as of 12 November 2020)
Official language   Spanish
Ease of doing business by World Bank   # 91 out of 190 in 2020 (↓6)
The Global Competitiveness Index by the World Economic Forum   # 103 out of 141 in 2019 (↓5)
Logistics Performance Index by World Bank   # 101 out of 160 in 2018
 
Major merchandise exports (% of total, 2019)   Major merchandise imports (% of total, 2019)
Non-traditional goods (71.8%)   Intermediate goods (41.2%)
Maquila (21.1%)   Consumer goods (38.4%)
Sugar (2.2%)   Capital goods (15.2%)